(a) The Electronic Lien Title (ELT) Program provides an electronic method for the department to exchange lien and title information with lienholders. Lienholder participation in this program is voluntary.
(b) To participate in the ELT Program, a lienholder must enter into a contract with the department. The contract must contain all terms and conditions necessary to implement the ELT Program, as agreed on by the department and the participating lienholder.
(c) An application for title recording an electronic lien must be filed in the usual manner with a county tax assessor-collector.
  (1) The department will notify the lienholder electronically of the date the lien was recorded. The notification will include a request for verification of the lien and vehicle information.
  (2) The participating lienholder shall verify the lien and vehicle information in the message and electronically notify the department whether the information is correct.
  (3) The lienholder shall send an error message electronically to the department if any information in the notification is incorrect. The department will then verify the lien and vehicle information submitted by the applicant in the title application. Any error will be corrected, and if necessary, the department will send a new notification to the lienholder with corrected information. If it is found that the title applicant submitted incorrect lienholder or vehicle information, the transaction will be rejected and returned to the county tax assessor-collector.
(d) When a lien is satisfied, the lienholder shall electronically notify the department within 10 days. The ELT remark and the lien will be removed from the record and a title will be printed in the name of the owner of record and mailed to the address specified by the lienholder.
(e) When requested by a lienholder, the department will remove the ELT remark from a vehicle record and provide the lienholder with a paper title.
(f) When requested by a lienholder, the department will reassign a lien electronically to a new lienholder if the new lienholder meets all requirements for participation in the ELT Program.
(g) The department will not issue a certified copy of a title with an ELT remark.

Source Note: The provisions of this §217.104 adopted to be effective March 12, 2015, 40 TexReg 1096